2 Jun 2022 3:35 pm
Social security payments are not based on the total paid into the system. They are based on the income of the LAST TEN QUARTERS before retirement. Most people earn more during the final years of their careers, but there are many that do not, Real estate agents, pro athletes, perhaps actors and actresses.freeman » 28 May 2022, 8:47 am » wrote: ↑ It was done fairly. This might not be exact and is circumstance dependent, but the person receiving $80 per month generally paid twice as much into the system as the person receiving $40 per month. What a person receives is based on what they contributed.
What you proposed is akin to a communist style redistribution.
Do you know how pensions are determined in Communist countries? I strongly suspect you have no clue. But if you do, tell us.